AMCHAM and Bae, Kim & Lee LLC Collaborate to Deliver Key Insights on Compliance and Risk Management
Advancing AMCHAM’s mission to position Korea as a premier regional headquarters in the region
by empowering businesses with practical strategies to navigate regulatory complexities
November 28, 2024 - The American Chamber of Commerce in Korea (AMCHAM, Chairman and CEO James Kim) hosted an “AMCHAM Insights” session on Compliance and Risk Management on November 27 in partnership with Bae, Kim & Lee LLC.
Held at Bae, Kim & Lee’s headquarters in Jongno, Seoul, the seminar provided actionable strategies for navigating today’s increasingly complex regulatory environment. The event brought together over 90 compliance professionals from domestic and global businesses, including AMCHAM members, highlighting the critical importance of the topic.
AMCHAM Chairman & CEO James Kim emphasized in his opening remarks, “In today’s dynamic regulatory environment, staying on top of compliance requirements and effectively managing risks is not just important - it is absolutely essential for long-term success.”
He continued, “Today’s session reflects AMCHAM’s broader mission to empower businesses to thrive in Korea and to strengthen the country’s position as a premier regional headquarters hub. Helping businesses navigate Korea’s regulatory environment effectively is a critical part of realizing this vision. By fostering collaboration and sharing key knowledge, we aim to support businesses in overcoming challenges, seizing opportunities, and driving sustainable growth.”
Han Ri-bong, Managing Partner of Bae, Kim & Lee, echoed this sentiment, underlining the firm’s long-standing commitment to addressing the pressing regulatory challenges faced by businesses. “Leveraging our deep expertise and global network, Bae, Kim & Lee has consistently focused on helping companies adapt to Korea’s dynamic regulatory environment. This seminar is a testament to our ongoing collaboration with AMCHAM to provide effective solutions for businesses,” he said.
The seminar featured in-depth presentations by Bae, Kim & Lee’s legal and compliance experts, offering practical guidance on navigating the evolving regulatory landscape.
Kim Sang-min, Partner, addressed challenges surrounding labor law and corporate governance, with a focus on risks associated with subcontracting and labor disputes. He emphasized the need for proactive strategies to manage potential legal liabilities for CEOs and reduce risks that could have a significant impact on operations.
Song Jin-wook, Partner, delved into recent developments in disaster prevention, customs investigations, and visa compliance for foreign executives. Drawing on real-world examples, he highlighted the importance of thorough preparation to manage risks, prevent legal complications, and ensure smooth operations in these areas.
Kim Kyu-sik, Partner, explored strategic responses to investigations by the Fair Trade Commission, covering digital forensics and regulatory probes into market dominance and cartel activities. He stressed the importance of adhering to due process and equipping businesses with robust defense mechanisms before and during regulatory scrutiny.
Senior Advisor Won Yong-ki introduced data-driven compliance as a forward-looking approach to managing risks more efficiently. He provided case studies demonstrating how analyzing metadata and system logs can help organizations detect potential breaches and adopt more effective compliance practices.
As the leading advocate for U.S.-Korea economic relations, AMCHAM continues to host impactful events to foster dialogue, strengthen partnerships, and provide actionable intelligence that empowers global businesses to thrive in an ever-evolving global marketplace.
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주한미국상공회의소, 법무법인 태평양과 공동으로 컴플라이언스·리스크 관리 세미나 개최
아·태지역 본부의 중심지로서 한국의 입지를 더욱 강화하고자 하는 암참 미션의 일환으로
글로벌 기업들이 복잡한 대내·외 규제 환경에 효과적으로 대응할 수 있는 전략 제공
